This and That: Iceland Bubble edition

In the history of bubbles, the recent folly in Iceland will get prominent mention. In a Vanity Fair article, Michael Lewis writes about how a tiny nation famous for glaciers, hot springs and volcanoes became in effect a giant hedge fund employing huge leverage with familiar results. I found the link through the Stingy Investor website.
With many investor portfolios reeling from the stock market slump a lot of blame (whether real or imagined) is directed towards financial advisors. This New York Times article describes what clients should (and shouldn’t) expect from their advisors.
Larry MacDonald shares some tips for toughing out the market turmoil.
Canadian Banks & Insurance blog posted analyst comments on the quarterly earnings from our big banks: Bank of Nova Scotia, Bank of Montreal, TD Bank, CIBC and Royal Bank.
Michael James discusses Warren Buffett’s solution for preventing a repeat of the mortgage crisis.
Million Dollar Journey has a frugal tip: Sleep on it!
Preet posted an interesting chart of long-term stock returns that shows how much of an outlier 2008 was.
Gail Vaz-Oxlade has a no-nonsense take on the economic turmoil.
Financial Highway is doing a series of posts on the basics of financial planning.
Dividend Growth Investor has a way to invest in the stock market with no risk!

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Tags: Miscellaneous

1 Million Dollar Journey // Mar 6, 2009 at 10:54 am

Thanks for the link CC, have a good weekend!
2 Michael James // Mar 6, 2009 at 12:44 pm

Thanks for the mention! I guess when bubbles freeze they burst (couldn’t resist).
3 Ray // Mar 6, 2009 at 2:19 pm

Thanks for the link CC, have a great weekend!
4 Dividend Growth Investor // Mar 6, 2009 at 3:20 pm

CC,

Thank you very much for the link. Have a wonderful weekend with your family!

DGI
5 Matt // Mar 7, 2009 at 1:51 am

I picked up berkshire hathaway class B yesterday for below book value, now that’s financial planning! heh
6 WhereDoesAllMyMoneyGo.com // Mar 7, 2009 at 9:40 am

Thanks for the link CC – have a great weekend!
7 guinness416 // Mar 7, 2009 at 6:29 pm

That VF Iceland article was a good read. During my bartending years the large groups of Icelanders (?) who travel over to Dublin for their xmas shopping were my least favourite customers by a wide margin – rude, aggressive, macho, spendy, dismissive and couldn’t handle their campari. We often ended the night by breaking up fights between them. Now trust the money to the women to manage, indeed.

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